BSE:541163

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Sandhar Technologies

Executive Summary

Sandhar Technologies Limited, together with its subsidiaries, designs, manufactures, assembles, and sells automotive components in India and Europe.


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Sandhar Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 541163's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.9%

541163

4.8%

IN Auto Components

2.3%

IN Market


1 Year Return

-16.6%

541163

-0.006%

IN Auto Components

2.5%

IN Market

Return vs Industry: 541163 underperformed the Indian Auto Components industry which returned -0% over the past year.

Return vs Market: 541163 underperformed the Indian Market which returned 2.5% over the past year.


Shareholder returns

541163IndustryMarket
7 Day0.9%4.8%2.3%
30 Day-4.5%3.1%4.2%
90 Day44.4%29.8%22.1%
1 Year-15.8%-16.6%1.3%-0.006%4.4%2.5%
3 Yearn/a-28.1%-30.2%5.3%0.3%
5 Yearn/a-10.3%-14.1%29.9%20.2%

Price Volatility Vs. Market

How volatile is Sandhar Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sandhar Technologies undervalued compared to its fair value and its price relative to the market?

22.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 541163 (₹208.45) is trading above our estimate of fair value (₹88.77)

Significantly Below Fair Value: 541163 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 541163 is poor value based on its PE Ratio (22x) compared to the IN Auto Components industry average (20.9x).

PE vs Market: 541163 is poor value based on its PE Ratio (22x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: 541163 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 541163 is overvalued based on its PB Ratio (1.7x) compared to the IN Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Sandhar Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 541163's forecast earnings growth (18.7% per year) is above the savings rate (7.2%).

Earnings vs Market: 541163's earnings (18.7% per year) are forecast to grow slower than the Indian market (23.4% per year).

High Growth Earnings: 541163's earnings are forecast to grow, but not significantly.

Revenue vs Market: 541163's revenue (6.9% per year) is forecast to grow slower than the Indian market (10.1% per year).

High Growth Revenue: 541163's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 541163's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has Sandhar Technologies performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 541163 has high quality earnings.

Growing Profit Margin: 541163's current net profit margins (2.9%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: 541163's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: 541163's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 541163 had negative earnings growth (-40.2%) over the past year, making it difficult to compare to the Auto Components industry average (-44.1%).


Return on Equity

High ROE: 541163's Return on Equity (7.4%) is considered low.


Next Steps

Financial Health

How is Sandhar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 541163's short term assets (₹4.4B) do not cover its short term liabilities (₹5.0B).

Long Term Liabilities: 541163's short term assets (₹4.4B) exceed its long term liabilities (₹1.0B).


Debt to Equity History and Analysis

Debt Level: 541163's debt to equity ratio (25.5%) is considered satisfactory.

Reducing Debt: 541163's debt to equity ratio has reduced from 139.7% to 25.5% over the past 5 years.

Debt Coverage: 541163's debt is well covered by operating cash flow (122.6%).

Interest Coverage: 541163's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Sandhar Technologies's current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 541163's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).

High Dividend: 541163's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).


Stability and Growth of Payments

Stable Dividend: 541163 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 541163 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.1%), 541163's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 541163's dividends in 3 years are forecast to be well covered by earnings (20.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average board tenure


CEO

Jayant Davar (59 yo)

no data

Tenure

₹73,031,000

Compensation

Mr. Jayant Davar founded Sandhar Technologies Limited in 1985 and serves as its Co-Chairman and Managing Director. Mr. Davar serves as an Additional Independent Director of HEG Limited since August 14, 201 ...


CEO Compensation Analysis

Compensation vs Market: Jayant's total compensation ($USD973.45K) is above average for companies of similar size in the Indian market ($USD317.82K).

Compensation vs Earnings: Jayant's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Jayant Davar
Founderno data₹73.03m56.12%
₹ 7.0b
Krishan Chugh
Independent Director17.42yrs₹555.00kno data
Arvind Kapur
Independent Director14.83yrs₹590.00kno data
Dharmendar Davar
Chairman of the Boardno data₹350.00k1.39%
₹ 175.2m
Vimal Mahendru
Additional Non- Executive Independent Director0.75yrno datano data
Mohan Bhagat
Independent Director27.5yrs₹335.00kno data
Bharat Anand
Additional Non-Executive Independent Director1yrno datano data
Monica Davar
Non-Executive Non Independent Director33.58yrs₹400.00k4.36%
₹ 547.2m
Ravinder Nagpal
Independent Director19.58yrs₹695.00kno data
Arjun Sharma
Independent Director4.25yrs₹555.00kno data
Archana Capoor
Additional Non-Executive Independent Director1.75yrs₹385.00kno data

14.8yrs

Average Tenure

63yo

Average Age

Experienced Board: 541163's board of directors are seasoned and experienced ( 14.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sandhar Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sandhar Technologies Limited
  • Ticker: 541163
  • Exchange: BSE
  • Founded: 1987
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹12.559b
  • Shares outstanding: 60.19m
  • Website: https://www.sandhargroup.com

Location

  • Sandhar Technologies Limited
  • Plot No. 13
  • Sector-44
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SANDHARNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2018
541163BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2018

Biography

Sandhar Technologies Limited, together with its subsidiaries, designs, manufactures, assembles, and sells automotive components in India and Europe. It offers locking systems, hinges and latches, and door ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 12:42
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.